Deal Announcement – EPIC Systems has sold substantially all its assets to EPIC Systems Group, LLC an affiliate of Compass Group Equity Partners

R.L. Hulett & Company (“RLH”) is pleased to announce that its client, Electrical Process Instrumentation & Control Systems, Inc. d/b/a EPIC Systems, Inc. (“EPIC” or the “Company”) has sold substantially all of its assets to EPIC Systems Group, LLC, an affiliate of Compass Group Equity Partners (“CGEP”). In this transaction, RLH acted as exclusive financial advisor to the Seller.

EPIC, located in St. Louis, Missouri, is a recognized leader in the engineering, design and fabrication of modular process systems, packaging lines and machine vision inspection systems.  The Company was founded in 1995 by John Schott and Matt Quinn. Over the past 23 years, the Company has grown to 72 employees and today provides a diverse mix of industrial solutions including process systems, machine vision, packaging and industrial automation to some of the world’s largest companies.  EPIC serves a mix of vertical end markets including consumer packaged goods, oil and gas, food and beverage, pharmaceutical, agricultural and industrial chemical companies.  The company has a deep and experienced management team.

CGEP is a St. Louis-based private equity firm that seeks to acquire lower middle-market companies and back management teams to unlock value and accelerate growth.  CGEP focuses primarily on companies in manufacturing, value-added distribution and business services typically with Enterprise Value between $10 and  $50 million.

In this transaction, RLH facilitated the sale process by preparing marketing materials, contacting strategic and financial buyer candidates and advising the Seller during negotiations with prospective suitors.

For more information regarding this transaction, please contact: